Hybrid Update

June 1, 2020, Vancouver, British Columbia - Hybrid Minerals Inc. (TSXV: HZ) (“Hybrid” or the “Company”) has provided shareholders and investors with an update on timing of the release of its audited financial results for the year ended Dec. 31, 2019.

Pursuant to blanket relief granted by the securities regulatory authority or regulator in each province and territory of Canada as a result of the COVID-19 pandemic, Hybrid Minerals Inc. is postponing the filing and delivery, as applicable, of the following continuous disclosure documents of the Company:

• The annual financial statements for the year ended Dec. 31, 2019, as required by Part 4 of National Instrument 51-102 -- Continuous Disclosure Obligations;

The management discussion and analysis for the year ended Dec. 31, 2019, as required by Part 5 of NI 51- • 102;

• The certifications of the annual financial statements for the year ended Dec. 31, 2019, as required by Section 4.1 of National Instrument 52-109 -- Certification of Disclosure in Issuers' Annual and Interim Filings; The interim financial statements for the three-month period ended March 31, 2020, as required by Part 4 of

• National Instrument 51-102 -- Continuous Disclosure Obligations;

• The interim management discussion and analysis for the three-month period ended March 31, 2020, as required by Part 5 of NI 51-102;
• The certifications of the interim financial statements for the three-month period ended March 31, 2020, as required by Section 4.1 of National Instrument 52-109 -- Certification of Disclosure in Issuers' Annual and Interim Filings.

The Company expects to file and deliver, as applicable, the annual filings on or about June 15, 2020, and interim filings, on or about July 14, 2020, as it is afforded a postponement of up to 45 days pursuant to the blanket relief granted to all market participants under applicable securities law.

The Company confirms that there have been no material undisclosed events in the 30-day period since it announced its initial reliance on the blanket relief granted by the securities regulatory authority or regulator in each province and territory of Canada as a result of the COVID-19 pandemic.

The Company further confirms that its management and other insiders are subject to an insider trading blackout policy that reflects the principles in Section 9 of National Policy 11-207 -- Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, such that they are in a blackout period until the commencement of the second trading day after the annual filings have been disclosed by way of a news release.

There have been no material developments for the Company since it announced its reliance on the blanket relief granted by the securities regulatory authority in each province and territory of Canada as a result of the COVID-19 pandemic.

Contact

For further information, contact Glen Macdonald, Chief Executive Officer of Hybrid at: (604)719-8129

Cautionary and Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.